Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Wise Financial Performance

The primary measurement used by management to measure the financial performance of each segment is earnings before interest, taxes, depreciation and amortization ("EBITDA").

	Three Months Ended March 31,
	2022		2021
Net sales:
Mobile Industries	$	540.4	$	504.5
Process Industries	584.2		520.9
Net sales	$	1,124.6	$	1,025.4
Segment EBITDA:
Mobile Industries	$	75.1	$	79.6
Process Industries	155.6		131.0
Total EBITDA, for reportable segments	$	230.7	$	210.6
Unallocated corporate expense	(12.9)		(11.6)
Corporate pension and other postretirement benefit related expense (1)	(2.6)		(0.9)
Acquisition-related gain (2)	—		0.6
Depreciation and amortization	(41.4)		(43.0)
Interest expense	(14.3)		(14.9)
Interest income	0.6		0.5
Income before income taxes	$	160.1	$	141.3

(1) Corporate pension and other postretirement benefit related expense represents actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions or experience.

(2) The acquisition-related gain represents measurement period adjustments to the bargain purchase gain on the acquisition of Aurora Bearing Company ("Aurora"), which closed on November 30, 2020.